10-K Filing

FINTRADE SHERPA, INC. CIK: 1319643 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001199835-21-000167`
Period End Date	20201231
Filing Date	20210329
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	lsmg-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 32 Cash Flow Statement 36 Stockholders Equity 10

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$10.50K	USD	Point-in-time
Cash	`Cash`	$12.64K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$6.51K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$2.08K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.58K	USD	Point-in-time
Mineral property interest, unproved	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Mineral property interest, unproved	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Total assets	`Assets`	$246.76K	USD	Point-in-time
Total assets	`Assets`	$242.76K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$84.18K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.01K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$1.60M	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$2.02M	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$5.82K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Capital stock authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share Issued: 50,605,965 common shares and no preferred shares at December 31, 2020 and 2019	`CommonStockValue`	$3.42K	USD	Point-in-time
Capital stock authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share Issued: 50,605,965 common shares and no preferred shares at December 31, 2020 and 2019	`CommonStockValue`	$3.42K	USD	Point-in-time
Additional paid-In capital	`AdditionalPaidInCapitalCommonStock`	$1.63M	USD	Point-in-time
Additional paid-In capital	`AdditionalPaidInCapitalCommonStock`	$1.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.49M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$246.76K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$242.76K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$46.27K	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$160.89K	USD	Annual
Corporate support services	`CorporateSupportServices`	$1.87K	USD	Annual
Corporate support services	`CorporateSupportServices`	$1.83K	USD	Annual
Exploration and evaluation	`ExplorationAndEvaluation`	-	USD	Annual
Exploration and evaluation	`ExplorationAndEvaluation`	$18.04K	USD	Annual
Mineral option fees	`MineralOptionFees`	$100.00K	USD	Annual
Mineral option fees	`MineralOptionFees`	$100.00K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$15.57K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$10.43K	USD	Annual
Professional fees	`ProfessionalFees`	$40.57K	USD	Annual
Professional fees	`ProfessionalFees`	$45.34K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$22.79K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$23.93K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$231.81K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$355.73K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-231.81K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-355.73K	USD	Annual
Impairment	`ImpairmentOfIntangibleAssetsFinitelived`	$54.32K	USD	Annual
Impairment	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$65.08K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$83.59K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-137.91K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-65.08K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-493.64K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-296.89K	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss for year	`NetIncomeLoss`	$-493.64K	USD	Annual
Net loss for year	`NetIncomeLoss`	$-296.89K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-85.00	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-30.00	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.56K	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.54K	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$1.83K	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.42K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$182.11K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$100.00K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$100.00K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$82.75K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$47.81K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.04K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-100.01K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$5.82K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$6.00K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$135.00K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$110.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$129.18K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$104.00K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$3.99K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$2.15K	USD	Annual
Cash, beginning of year	`Cash`	$10.50K	USD	Point-in-time
Cash, beginning of year	`Cash`	$12.64K	USD	Point-in-time
Cash, beginning of year	`Cash`	$6.51K	USD	Point-in-time
Cash, end of year	`Cash`	$10.50K	USD	Point-in-time
Cash, end of year	`Cash`	$12.64K	USD	Point-in-time
Cash, end of year	`Cash`	$6.51K	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the period for Interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$35.66K	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$105.95K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$10.56K	USD	Annual
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.54K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-493.64K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-296.89K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.86M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.